Case Study: EQ Bank streamlines mortgage approval with Flinks

EQ Bank speeds mortgage approvals with Flinks

EQ Bank, a Canadian challenger bank, sought to modernize its digital mortgage experience for clients, many of whom are business owners with complex banking histories. Their challenge was to simplify the stressful and document-heavy mortgage application process, which required manually collecting and verifying financial information from multiple accounts. To address this, EQ Bank partnered with Flinks to implement its financial data connectivity service.

Using Flinks, EQ Bank built a dedicated digital interface called Bank Statement Share, allowing clients to securely and directly share their bank data. This solution streamlined the bank's back-office underwriting by automating income verification and providing high-quality, reliable data. The results included a reduced time to approval, enhanced security by eliminating manual PDF handling, and a meaningful uptake in the tool's usage for mortgage deals. Flinks enabled EQ Bank to offer a simpler, faster, and more secure mortgage application process.

EQ Bank